Question 1

In Capital, which three statements are true when performing lease asset planning using the IFRS 16 and ASC 842 standards?

Options :

A : To determine if a lease asset is a low value asset, the value of the asset is calculated as Lease Payment multiplied by Payment Frequency.

B : If the calculated value of the asset is less than or equal to the Low Value Lease Amount, the asset is considered to be a low value lease asset.

C : Once assigned, you cannot override the Low Value Lease Amount for an asset.

D : Lessees are required to recognize assets or liabilities for leases of low value assets, such as tablets, personal computers, small items of office furniture, and telephones.

E : You can override the Low Value Lease Amount for an asset, forcing the asset to be calculated as a low value lease asset.

Answer: B,C,E

Question 2

You can override expense lines in Financials with the more detailed values that Workforce stores. What steps would you take to move the detailed values to Financials?

Options :

A : In data maps, for Financial Statement Integration, define how the detailed Workforce accounts roll up into the Financials accounts.

B : On the Financials Integration Summary form, calculate compensation data to update the underlying details for Workforce data.

C : On the Financials Integration Summary form, from the Actions menu, select the Rollup business rule.

D : In data maps, for Compensation Data, synchronize and then push the data.

Answer: A

Question 3

You want to include Named Assets in Capital. Which two tasks can you perform when enabling Named Assets?

Options :

A : Add the names of assets to plan at the detail level.

B : Specify the likely number of tangible and intangible assets that you want to add in a planning cycle.

C : Decrease the number of named assets after enabling Named Assets.

D : Increase the number of named assets after enabling Named Assets.

Answer: A,D

Question 4

You want to select a probability distribution for your Strategic Modeling simulation. The minimum and maximum are fixed, and you know the most likely values. Which probability distribution is useful with limited data in situations such as sales estimates, inventory numbers, and marketing costs in Strategic Modeling simulations?

Options :

A : Beta PERT

B : Uniform

C : Triangular

D : Normal

E : Lognormal

Answer: C

Question 5

Which dimension must members be imported into to configure Additional Earnings in the Benefits and Taxes wizard?

Options :

A : Component

B : Account

C : Property

D : Pay Type

Answer: A

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